Is the creditor's rights acquisition company reliable

Whether it is reliable for financial institution outlets to purchase personal creditor's rights and customer's securities trading settlement funds. Generally speaking, financial institutions facing bankruptcy or liquidation directly or indirectly return customers' deposits and deposits by purchasing customers' creditor's rights. Article 188 of the Civil Code: The limitation of action for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, those provisions shall prevail. The limitation period of action shall be counted from the date when the creditor knows or should know that the right is damaged and the debtor knows it. Where there are other provisions in the law, those provisions shall prevail. However, the people's court shall not protect the rights that have been damaged for more than 20 years. Under special circumstances, the people's court may decide to extend the time according to the application of the obligee.